Riverbridge Partners LLC Sells 2,999 Shares of Fair Isaac Corporation $FICO

Riverbridge Partners LLC cut its holdings in Fair Isaac Corporation (NYSE:FICO) by 10.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,901 shares of the technology company’s stock after selling 2,999 shares during the quarter. Riverbridge Partners LLC’s holdings in Fair Isaac were worth $28,718,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Natixis Advisors LLC boosted its position in shares of Fair Isaac by 28.9% in the 3rd quarter. Natixis Advisors LLC now owns 14,721 shares of the technology company’s stock worth $22,030,000 after purchasing an additional 3,302 shares in the last quarter. Soltis Investment Advisors LLC bought a new position in Fair Isaac during the 4th quarter valued at approximately $2,379,000. Jefferies Financial Group Inc. bought a new position in Fair Isaac during the 3rd quarter valued at approximately $1,580,000. Akre Capital Management LLC raised its stake in Fair Isaac by 2,751.4% during the third quarter. Akre Capital Management LLC now owns 260,849 shares of the technology company’s stock valued at $390,368,000 after buying an additional 251,701 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after buying an additional 302 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent research reports. Jefferies Financial Group cut their target price on Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company dropped their price target on shares of Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. cut their price objective on shares of Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. UBS Group raised their price objective on shares of Fair Isaac from $1,110.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Tuesday, June 16th. Finally, Mizuho assumed coverage on shares of Fair Isaac in a research note on Thursday, April 16th. They issued an “outperform” rating and a $1,416.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $1,626.50.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $1,101.86 on Wednesday. Fair Isaac Corporation has a one year low of $870.01 and a one year high of $1,998.01. The stock has a market cap of $25.55 billion, a P/E ratio of 34.90, a P/E/G ratio of 0.96 and a beta of 1.28. The stock’s fifty day moving average is $1,129.09 and its 200 day moving average is $1,327.22.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, April 28th. The technology company reported $12.50 earnings per share for the quarter, topping the consensus estimate of $11.03 by $1.47. Fair Isaac had a net margin of 33.67% and a negative return on equity of 41.04%. The company had revenue of $691.68 million during the quarter, compared to the consensus estimate of $630.21 million. During the same quarter in the prior year, the firm posted $7.81 EPS. Fair Isaac’s quarterly revenue was up 38.7% compared to the same quarter last year. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. Analysts predict that Fair Isaac Corporation will post 38.06 EPS for the current year.

Fair Isaac declared that its board has authorized a share buyback plan on Wednesday, February 25th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to buy up to 5.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.